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Isle of Man Government
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General Registry

Isle of Man Registries Website

Ongoing Regulation for Registered Charities

Preparation, Auditing and Filing of Accounts

As of 1st August, 2011, the statutory requirements relating to the audit of Manx Registered Charity accounts was amended (via the coming into operation of the Charities (Accounts) (Amendment of Amounts) Order 2011.

In summary the revised audit/examination requirements are:

Charity’s Gross Income in the Accounting YearStatutory Requirement for External Examination of Charity’s Accounts
Less than or equal to £25,000No requirement for external examination (charities still have to file accounts with the General Registry within 6 months of year end.)
Greater than £25,000 but less than or equal to £250,000Full Audit or an independent examination by an accountant, a qualified ‘independent examiner’ or a person approved by the First Deemster
Greater than £250,000Full Audit by an accountant or a person approved by the First Deemster

These amendments apply to all charity accounts whose financial period commences on or after 1st August, 2011. Should your current accounting period predate 1st August, 2011 then the following table must continue to be used:

Charity’s Gross Income in the Accounting YearStatutory Requirement for External Examination of Charity’s Accounts
Less than or equal to £5,000No requirement for external examination (charities still have to file accounts with the General Registry within 6 months of year end.)
Greater than £5,000 but less than or equal to £100,000Full Audit or an independent examination by an accountant, a qualified ‘independent examiner’ or a person approved by the First Deemster
Greater than £100,000Full Audit by an accountant or a person approved by the First Deemster

However, it should also be remembered that, in addition to these statutory requirements, the charity will also have to comply with any specific account requirements detailed within its governing document (e.g. constitution/trust deed/memorandum and articles of association etc.).

The General Registry has developed guidance on independent examinations to assist charities and independent examiners.

Copies of:

are available for download at the bottom of this webpage.

It is anticipated that these amendments will assist Manx charities in fulfilling their statutory obligations whilst maintaining appropriate accountability to the public.

Notification of Changes

Details of any changes to the charity, its governing instrument, officials, etc must be filed at the General Registry, within one month after the change. Changes to be notified include:

Downloadable Documents
Acrobat PDF FileCharities Act 1962 (44 kb)
Format:Acrobat PDF File
Acrobat PDF FileCharities Act 1986 (revised) (88 kb)
Format:Acrobat PDF File
Charities Act 1986
Acrobat PDF FileCharities Registration Act 1989 (revised) (101 kb)
Format:Acrobat PDF File
Acrobat PDF FileCharities (Amendment of Amounts) Order 2011 (40 kb)
Format:Acrobat PDF File
Acrobat PDF FileThe Religious Charities Regulations 1999 (72 kb)
Format:Acrobat PDF File
Acrobat PDF FileCharities Regulations 2007 (240 kb)
Format:Acrobat PDF File
Acrobat PDF FileApplication for an approved person to be an auditor of a registered charity (21 kb)
Format:Acrobat PDF File
Acrobat PDF FileSchedule 1 - Audit Report (17 kb)
Format:Acrobat PDF File
Microsoft WordSchedule 3 – Changes to the Charity (48 kb)
Format:Microsoft Word
Microsoft WordIndependent Examiner's Report (32 kb)
Format:Microsoft Word
Acrobat PDF FileIndependent Examination Guidance (March 2007) (208 kb)
Format:Acrobat PDF File
Independent Examination of Charity Accounts: Guidance Notes

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